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Gconnect Logitech & Supply Chain Ltd

Logistics

Offer Period :

26th to 28th Mar 2024

Gconnect Logitech & Supply Chain Ltd IPO Details

IPO Date 26th to 28th Mar 2024 Minimum Investment ₹120000 / 1 Lots
Listing Date 2024-04-03 Maximum Investment ₹120000 / 1 Lots
Face Value ₹10 per share Total Issue Size ₹5.6 Crores
Price ₹40 to ₹40 per share Fresh Issue ₹5.6 Crores
Lot Size 1 Lots (3000 Shares) Offer For Sale ₹ [-]
Listing At BSE-SME Retail Discount ₹ 0
Employee Discount ₹0 per Share Shareholding Pre Issue 2318547 Shares
Issue Type Fixed Price - SME Shareholding Post Issue 3719547 Shares
IPO Date 26th to 28th Mar 2024
Listing Date 2024-04-03
Face Value ₹10 per share
Price ₹40 to ₹40 per share
Lot Size 1 Lots (3000 Shares)
Listing At BSE-SME
Total Issue Size ₹5.6 Crores
Employee Discount ₹0 per share
Issue Type Fixed Price - SME
Minimum Investment ₹120000 / 1 Lots
Maximum Investment ₹120000 / 1 Lots
Fresh Issue ₹5.6 Crores
Offer For Sale ₹[-] Crores
Retail Discount ₹0 Crores
Shareholding Pre Issue 2318547 Shares
Shareholding Post Issue 3719547 Shares

About Gconnect Logitech & Supply Chain Ltd IPO

Founding Head: 2022

Managing Director: Jigar Vinodbhai Sheth

GCONNECT LOGITECH AND SUPPLY CHAIN LIMITED Timeline

Important dates for allocation and IPO listing.

26th Mar

IPO Opens

28th Mar

IPO Close

1st Apr

Allotment Date

2nd Apr

Initiation of Refund

2nd Apr

Credit of Shares to Demat Account

-

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 76.76 47.85
Public Group 23.24 52.15

Gconnect Logitech & Supply Chain Ltd IPO Reservation

QIB Shares Offered 0(0%)
NII (HNI) Shares Offered 663000(47.32%)
Retail Shares Offered 663000(47.32%)
Anchor Investor Shares Offered 0(0%)
Total Shares Offered 1401000
Total Shares With Anchor Investor 1401000

Gconnect Logitech & Supply Chain Ltd IPO Lot Size

Application Lots Shares Amount
Retail (Min) 1 3000 ₹0
Retail (Max) 0 0 ₹0
S HNI (Min) 1 3000 ₹0
S HNI (Max) 0 0 ₹0
B HNI (MIN) 1 3000 ₹0

Gconnect Logitech & Supply Chain Ltd IPO Anchor Investor Details

Bid Date
Shares Offered
Anchor Portion Size

Gconnect Logitech & Supply Chain Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40671 62222
Email Id bpsl.ipo@kfintech.com
Our Website www.kfintech.com

Gconnect Logitech & Supply Chain Ltd IPO Lead Manager

1. Fedex Securities Pvt Ltd

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Gconnect Logitech & Supply Chain Ltd Financial Information

Period Ended March 31, 2024 March 31, 2023 March 31,
Net Worth ₹3.99 ₹0.78
Reserves and Surplus ₹1.67 ₹0.6
Total Borrowing ₹0 ₹0

Gconnect Logitech & Supply Chain Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed
Qualified Institutional Buyers (QIBs) 0 87000 0
Non Institutional Investors (NIIs) 0 28518000 0
NII(Bid amount of more than Ten Lakh Rupees) 0 0 0
NII(Bid amount of more than 2 Lakh < 10 Rupees) 0 0 0
Retail Individual Investors (RIIs) 0 47562000 0
Total 0 76167000 54.3662

Strength of Gconnect Logitech & Supply Chain Ltd

1. Experienced Promoters and Management Team.

2. Well-defined organizational structure.

3. Longstanding and Diverse customer base.

4. Existing Supplier Relationship.

5. Asset Light Business Model.

Risks Involved

1. The Company has been formed specifically for the purpose of acquisition of the business of "Prithvi Enterprises" thus the company have limited operating history as a Company which may make it difficult for investors to evaluate its historical performance or future prospects.

2. Further, any future acquisition may not be beneficial to the Company, its may have to pay a certain amount of premium to the outgoing management / shareholders for synergic benefits that the company may accrue compared to valuations of those firms / businesses / companies. Its inability to identify suitable acquisition opportunities in the future, or adequately priced acquisitions, entering into agreement with such parties or obtaining the necessary financing to make such acquisitions could adversely affect its future growth.

3. Any disruptions to its logistics and transportation facilities could have a material adverse effect on the company's business, financial condition, cash flows and results of operations.

4. The company is dependent on its customers' business performance and developments in their markets and industries and their continuing outsourcing of logistics operations.

5. The company is dependent on third party carriers and inland transportation companies to transport its client's cargo.

6. The Company operates in a highly competitive industry and face intense competition, which could adversely affect its results of operations and market share.

7. Delays or defaults in payment by the company is customers or the tightening of payment periods to its suppliers could affect it cash flows and may adversely affect The Company is financial condition and operations.

8. The Company & the sole proprietorship has experienced negative cash flows in some prior periods and may do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.

9. The company's top 10 customers contribute majority its revenues from operations for the period ended March 31, 2023. Any loss of business from one or more of them may adversely affect its revenues and profitability.

10. The company does not verify the contents of the parcels transported by it, thereby exposing the company to the risks associated with the transportation of goods in violation of applicable regulations.

Why should you invest in

-

Gconnect Logitech & Supply Chain Ltd Financials

Particulars For the financial year ending (in ₹ million)
 
Total Assets
Total Liabilities
Total Expenses
Total Revenue 
Profit After Tax
EBITDA
Adjusted EBITDA

GCONNECT LOGITECH AND SUPPLY CHAIN LIMITED IPO Contact Details

Gconnect Logitech & Supply Chain Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2024-04-03 544156 -
INE0QHY01011
₹40 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹40 ₹40
Open ₹42 ₹0
Low ₹42 ₹0
High ₹44.1 ₹0
Low ₹42 ₹0

Frequently Asked Questions

What is Gconnect Logitech & Supply Chain Ltd IPO?

Answer Field

Gconnect Logitech & Supply Chain Ltd IPO is a SME IPO of 14,01,000 equity shares of a face value of ₹10 aggregating up to ₹5.6 Crores. The issue is priced at ₹40 to ₹40 per share. The minimum order quantity is 3000 Shares. The IPO opens on March 26, 2024, and closes on March 28, 2024. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE-SME.

When Gconnect Logitech & Supply Chain Ltd IPO will open?

Answer Field

The Gconnect Logitech & Supply Chain Ltd IPO opens on March 26, 2024 and closes on March 28, 2024.

What is the lot size of Gconnect Logitech & Supply Chain Ltd?

Answer Field

Gconnect Logitech & Supply Chain Ltd lot size is 3000 shares, and the minimum amount required is ₹1,20,000.

How to apply for Gconnect Logitech & Supply Chain Ltd IPO?

Answer Field

You can apply in Gconnect Logitech & Supply Chain Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is Gconnect Logitech & Supply Chain Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for Gconnect Logitech & Supply Chain Ltd IPO will be done on April 01, 2024, and the allotted shares will be credited to your demat account by April 02, 2024.

When is Gconnect Logitech & Supply Chain Ltd IPO listing date?

Answer Field

The Gconnect Logitech & Supply Chain Ltd listing date is April 03, 2024.

Who is the registrar of Gconnect Logitech & Supply Chain Ltd IPO?

Answer Field

The registrar of Gconnect Logitech & Supply Chain Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

Fedex Securities Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of Gconnect Logitech & Supply Chain Ltd IPO?

Answer Field

The fresh issue size is ₹5.6 Crores equity shares.

What minimum lot size can retail subscribers subscribe to Gconnect Logitech & Supply Chain Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 3000 shares and ₹1,20,000 amount.

How can I approve the UPI mandate request for Gconnect Logitech & Supply Chain Ltd IPO?

Answer Field

To apply for Gconnect Logitech & Supply Chain Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of Gconnect Logitech & Supply Chain Ltd?

Answer Field

The price of each Gconnect Logitech & Supply Chain Ltd share will be ranging in between ₹40 to ₹40 per share.

What is the cut-off time for the UPI mandate for Gconnect Logitech & Supply Chain Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, March 28, 2024.

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